Franklin Liberty U.S. Low Volatility ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.0x P/Sales
ratio
2.7x
P/BV
ratio
3.0x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin Liberty U.S. Low Volatility ETF is an actively-managed fund which seeks capital appreciation with lower volatility than the Russell 1000 Index.

FUND BASICS
Category US Equities
Fund Sponsor Franklin ETF Trust
Website www.libertyshares.com
Inception date Sep 20, 2016
Assets (mns) $102
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 86
Wgt avg mkt cap (mns) $181,572
Large cap (>$10bn) 99.1%
Mid cap ($2-10bn) 0.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ACCENTURE PLC-CL A 1.6 %
MICROSOFT CORP 1.6 %
APPLE INC 1.6 %
SYNOPSYS INC 1.5 %
INTUIT INC 1.5 %
ORACLE CORP 1.5 %
TEXAS INSTRUMENTS INC 1.5 %
CISCO SYSTEMS INC 1.5 %
ANALOG DEVICES INC 1.5 %
AMAZON.COM INC 1.5 %
Total 15.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.1 %
IRELAND 2.8 %
BRITAIN 1.7 %
CANADA 1.2 %
SWITZERLAND 1.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.7% 3.3% -- -- 12.0%

Market Correlations
versus... Beta R-squared
S&P500 0.90 95%
MSCI EAFE 0.88 79%
MSCI Emg. Mkts. 0.61 60%

Technical Indicators
Recent close $36.42
30d moving avg. $36.57
Annualized volatility 15.6%
Short interest (ETF) 1.2%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 37
Turnover 1.3%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $94,300

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Franklin Liberty U.S. Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with FLLV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLLV Expense: 29 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLLV
Ticker Fund
Name
Overlap1
vs FLLV
(%)
Expense
ratio
(bp)
Savings
vs FLLV
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLLV
(%)
FDLO Fidelity Low Volatility Factor ETF 42.6 29 0 5.2 -0.7
USMV iShares Edge MSCI Min Vol USA ETF 42.2 15 14 5.6 -0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 41.2 25 4 6.2 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 39.6 15 14 5.9 +0.0
PFM Invesco Dividend Achievers ETF 39.3 54 -25 5.5 -0.3
IWX iShares Russell Top 200 Value ETF 38.9 20 9 7.3 +1.4
BKLC BNY Mellon US Large Cap Core Equity ETF 38.5 0 29 5.2 -0.7
DEF Invesco Defensive Equity ETF 38.5 55 -26 5.1 -0.8
IWL iShares Russell Top 200 ETF 38.4 15 14 5.0 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 38.0 28 1 6.5 +0.6
OEF iShares S&P 100 ETF 38.0 20 9 4.8 -1.1
MGC Vanguard Mega Cap Index Fund 37.8 7 22 5.2 -0.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 36.9 19 10 6.2 +0.3
DGRO iShares Core Dividend Growth ETF 36.8 8 21 6.8 +0.9
JQUA JPMorgan U.S. Quality Factor ETF 36.8 12 17 5.3 -0.6
XLG Invesco S&P 500 Top 50 ETF 36.0 20 9 4.4 -1.5
LGLV SPDR Russell 1000 Low Volatility ETF 36.0 12 17 5.8 -0.1
DTD WisdomTree U.S.Total Dividend Fund 35.9 28 1 6.8 +0.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 35.7 25 4 6.0 +0.2
PBP Invesco S&P 500 BuyWrite ETF 35.7 49 -20 5.0 -0.9
SPXN ProShares S&P 500 Ex-Financials ETF 35.5 27 2 5.0 -0.9
USDY Pacific Global US Equity Income ETF 35.5 29 0 7.5 +1.6
FLQL Franklin LibertyQ U.S. Equity ETF 35.4 15 14 6.3 +0.5
SPY SPDR S&P 500 ETF Trust 35.1 9 20 5.4 -0.5
VOO VANGUARD S&P 500 ETF 35.1 3 26 5.4 -0.4
SPLG SPDR Portfolio Large Cap ETF 35.0 3 26 5.4 -0.4
IVV iShares Core S&P 500 ETF 35.0 4 25 5.4 -0.5
HSPX Global X S&P 500 Covered Call ETF 35.0 65 -36 4.9 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 35.0 8 21 6.6 +0.7
IQSU IQ Candriam ESG US Equity ETF 34.9 9 20 5.0 -0.8
VIG Vanguard Dividend Appreciation Index Fund 34.9 6 23 5.4 -0.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 34.9 70 -41 4.8 -1.1
ACIO Aptus Collared Income Opportunity ETF 34.9 79 -50 4.4 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 34.8 4 25 7.4 +1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.7 20 9 4.9 -0.9
SNPE Xtrackers S&P 500 ESG ETF 34.6 11 18 5.1 -0.8
SPLV Invesco S&P 500 Low Volatility ETF 34.6 25 4 5.7 -0.1
DIVB iShares U.S. Dividend & Buyback ETF 34.5 25 4 6.7 +0.9
SPXE ProShares S&P 500 Ex-Energy ETF 34.5 27 2 5.3 -0.6
FQAL Fidelity Quality Factor ETF 34.3 29 0 5.5 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 34.3 20 9 5.4 -0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 34.3 7 22 5.2 -0.7
CLRG IQ Chaikin U.S. Large Cap ETF 34.2 25 4 6.1 +0.2
QLV FlexShares US Quality Low Volatility Index Fund 34.1 22 7 4.9 -1.0
VV Vanguard Large-Cap Index Fund 34.1 4 25 5.3 -0.6
NACP Impact Shares NAACP Minority Empowerment ETF 34.0 75 -46 4.5 -1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 33.8 2 27 5.3 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 33.7 29 0 6.3 +0.5
VOOV Vanguard S&P 500 Value ETF 33.6 15 14 7.6 +1.7
PBUS Invesco PureBeta MSCI USA ETF 33.6 4 25 5.3 -0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 33.5 12 17 4.8 -1.1
SPYV SPDR Portfolio S&P 500 Value ETF 33.5 4 25 7.6 +1.7
IVE iShares S&P 500 Value ETF 33.5 18 11 7.5 +1.6
SPXT ProShares S&P 500 Ex-Technology ETF 33.2 27 2 5.7 -0.2
VYM Vanguard High Dividend Yield Index ETF 33.1 6 23 7.6 +1.7
SCHX Schwab U.S. Large-Cap ETF 33.0 3 26 5.3 -0.6
ESG FlexShares STOXX US ESG Impact Index Fund 33.0 32 -3 5.1 -0.8
SPTM SPDR Portfolio Total Stock Market ETF 33.0 3 26 5.5 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 32.9 27 2 5.0 -0.9
MGV Vanguard Mega Cap Value ETF 32.8 7 22 7.5 +1.6
ESGU iShares MSCI USA ESG Optimized ETF 32.5 15 14 5.1 -0.8
RAFE PIMCO RAFI ESG U.S. ETF 32.4 29 0 8.0 +2.1
VONE Vanguard Russell 1000 ETF 32.4 8 21 5.3 -0.6
IWD iShares Russell 1000 Value ETF 32.3 19 10 7.4 +1.5
SCHK Schwab 1000 Index ETF 32.3 5 24 5.3 -0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 32.1 10 19 5.3 -0.6
IWB iShares Russell 1000 ETF 32.0 15 14 5.2 -0.7
IUSV iShares Core S&P U.S. Value ETF 32.0 4 25 7.7 +1.8
IYY iShares Dow Jones U.S. ETF 32.0 20 9 5.2 -0.7
SUSL iShares ESG MSCI USA Leaders ETF 32.0 10 19 5.3 -0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 32.0 25 4 6.7 +0.8
QDEF FlexShares Quality Dividend Defensive Index Fund 31.9 37 -8 5.9 +0.1
OUSA O'Shares FTSE US Quality Dividend ETF 31.9 48 -19 5.7 -0.2
IUS Invesco Strategic US ETF 31.6 19 10 6.8 +0.9
SPMV Invesco S&P 500 Minimum Variance ETF 31.5 10 19 5.9 0.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.4 30 -1 6.6 +0.7
VTV Vanguard Value Index Fund 31.4 4 25 7.6 +1.8
PRF Invesco FTSE RAFI US 1000 ETF 31.2 39 -10 7.0 +1.1
FDRR Fidelity Dividend ETF for Rising Rates 31.2 29 0 7.1 +1.2
SFY SoFi Select 500 ETF 31.0 0 29 5.2 -0.7
SCHB Schwab U.S. Broad Market ETF 31.0 3 26 5.3 -0.6
VTHR Vanguard Russell 3000 Index Fund 31.0 10 19 5.2 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.9 3 26 5.2 -0.7
VTI Vanguard Total Stock Market Index Fund 30.8 3 26 5.2 -0.7
IWV iShares Russell 3000 ETF 30.7 20 9 5.1 -0.8
ROUS Hartford Multifactor US Equity ETF 30.5 19 10 7.5 +1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 30.5 12 17 4.9 -1.0
RECS Columbia Research Enhanced Core ETF 30.4 15 14 5.7 -0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 30.4 25 4 6.7 +0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 30.2 60 -31 4.3 -1.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 30.0 9 20 5.5 -0.3
DSI iShares MSCI KLD 400 Social ETF 29.9 25 4 5.1 -0.8
JKD iShares Morningstar Large-Cap ETF 29.9 20 9 5.7 -0.2
JHML John Hancock Multifactor Large Cap ETF 29.6 29 0 5.6 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.5 15 14 6.2 +0.3
ESGV Vanguard ESG U.S. Stock ETF 29.5 12 17 5.2 -0.7
CATH Global X S&P 500 Catholic Values Custom ETF 29.4 29 0 5.2 -0.7
NULC Nuveen ESG Large-Cap ETF 29.3 20 9 5.0 -0.9
LSLT Salt Low truBeta US Market ETF 29.3 29 0 6.1 +0.3
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 29.2 75 -46 5.9 +0.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Franklin Liberty U.S. Low Volatility ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.8 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.